Innovative Electricity Markets and Energy Transition

A special issue of Electricity (ISSN 2673-4826).

Deadline for manuscript submissions: closed (30 November 2022) | Viewed by 4726

Special Issue Editors


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Guest Editor
Institute for Systems and Computer Engineering, Technology and Science (INESC-TEC), Centre for Power and Energy Systems, Campus da FEUP, Rua Dr. Roberto Frias, nº378, 4200-465 Porto, Portugal
Interests: energy markets; energy resource management; distributed power generation; distribution network management; optimal power flow; electric vehicle management; power system management; multi-energy systems; optimization under uncertainty; distributed optimization; peer-to-peer markets; prosumer integration in the market; artificial intelligence
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Guest Editor
INESC-ID, Department of Electrical and Computer Engineering, Instituto Superior Técnico-IST, Universidade de Lisboa, 1049-001 Lisbon, Portugal
Interests: smart grids; electricity markets; energy resource management; distributed power generation; smart power grids; battery-powered vehicles; distribution networks; electric vehicle charging; power distribution economics; power distribution operational planning; power system management
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Department of Electrical Energy, Engineering Faculty, Federal University of Juiz de Fora, Juiz de Fora 36036-330, Brazil
Interests: distributed energy sources; plug-in vehicle charging; storage systems; smart grids; distribution system management; electricity markets; energy economics; power system planning; power system operation; applied optimization
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues:

 The power system is facing a transition from its traditional centralized operating model to a more decentralized one, through the emergence of proactive consumers on the network known as prosumers. This paradigm shift paves the way for the development and implementation of new electricity market designs to accommodate prosumers and prosumages at a local level. The emergence of new electricity market designs, such as peer-to-peer and community market designs, is encouraging the proliferation of prosumers, making consumers play a key role in the system. In addition, prosumers are looking for more sustainable and self-sufficient ways to consume electricity, for instance, through participation in renewable energy communities and cooperatives.

This Special Issue will focus on algorithms, models, methods, technologies, and applications to foster the spread of prosumers,  prosumages, and energy communities in the power system from a market perspective. Potential topics include but are not limited to peer-to-peer trading mechanisms, energy communities and cooperatives, decentralized coordination of distributed energy resources, prosumer and prosumage proliferation, innovative business models, and distributed ledger (e.g., blockchain) for energy services.

Dr. Tiago André Soares
Prof. Dr. Hugo Morais
Prof. Dr. Bruno Henriques Dias
Guest Editors

Manuscript Submission Information

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Keywords

  • Electricity markets
  • Distributed optimization
  • Distributed ledgers
  • Energy communities
  • Local energy markets
  • Optimization under uncertainty
  • Distributed energy resources
  • Strategic offering
  • Prosumers and prosumage
  • Peer-to-peer

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Published Papers (1 paper)

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Review

33 pages, 6028 KiB  
Review
Achieving 100% Renewable and Self-Sufficient Electricity in Impoverished, Rural, Northern Climates: Case Studies from Upper Michigan, USA
by Adewale A. Adesanya, Nelson Sommerfeldt and Joshua M. Pearce
Electricity 2022, 3(3), 264-296; https://doi.org/10.3390/electricity3030016 - 9 Jul 2022
Cited by 4 | Viewed by 4098
Abstract
The development of 100% renewable electricity (RE) systems play a pivotal role in ensuring climate stability. Many municipalities blessed with wealth, an educated and progressive citizenry, and large RE resources, have already reached 100% RE generation. Impoverished municipalities in unwelcoming environments both politically [...] Read more.
The development of 100% renewable electricity (RE) systems play a pivotal role in ensuring climate stability. Many municipalities blessed with wealth, an educated and progressive citizenry, and large RE resources, have already reached 100% RE generation. Impoverished municipalities in unwelcoming environments both politically and climatically (e.g., northern latitudes with long, dark winter conditions) appear to be incapable of transitioning to renewables. This study challenges that widespread assumption by conducting a detailed technical and economic analysis for three representative municipalities in the Western Upper Peninsula of Michigan. Each municipality is simulated with their own hourly electricity demand and climate profiles using an electrical supply system based on local wind, solar, hydropower, and battery storage. Sensitivities are run on all economic and technical variables. Results show that transition to 100% RE is technically feasible and economically viable. In all baseline scenarios, the 100% RE systems produced a levelized cost of electricity up to 43% less than the centralized utility rates, which are predominantly fueled by gas and coal. Current policies, however, prevent such self-sufficient systems from being deployed, which are not only detrimental to the global environment, but also aggravate the economic depression of such regions. Potential energy savings advance the prohibitive energy justice principle. Full article
(This article belongs to the Special Issue Innovative Electricity Markets and Energy Transition)
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